USDT Market Cap Surpasses $140 Billion, Reaching Record High

According to Odaily, the market capitalization of USDT has reached an unprecedented $140 billion, marking a significant milestone. This achievement comes just a year after its supply stood at 90 billion on December 16, 2023. Over the past 12 months, USDT's market cap has surged by $50 billion, highlighting its rapid growth in the cryptocurrency market. In the last 40 days alone, USDT's supply has increased by approximately 20 billion, indicating a strong demand and expansion within the digital currency sector. As of December 16, 54.94% of all circulating USDT is issued on the Ethereum blockchain, reflecting its dominant presence in the decentralized finance ecosystem. This substantial growth underscores the increasing reliance on stablecoins like USDT for various financial transactions and activities within the blockchain space.